T-bills auction: Government exceeds target by 4.12%, interest rates take a nosedive
The government again exceeded its treasury bills target by 4.12%, reaching GH¢2.54 billion, as demand for treasury bills persisted. The government accepted bids of GH¢1.91 billion from investors. A little over GH¢1.5 billion of the bids were tendered for the 91-day bill, representing 59% of the total bids. The uptake was, however, about GH¢1.2 billion. […]
The government's latest treasury bills auction surpassed expectations, collecting GH¢2.54 billion against a target of GH¢2.447 billion. Investors submitted bids amounting to GH¢1.91 billion, out of which the government accepted GH¢1.917 billion. The majority of the demand, approximately 59%, was for the 91-day bill, while the 182-day and 364-day bills also saw significant interest. Interest rates experienced a shift, with shorter-term bills experiencing a decrease, while longer-term bills saw an increase.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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